Animation firm goes public on New Third Board
( chinadaily.com.cn )
Updated: 2016-06-03
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Jiangsu Ruyitong Animation Industry Co recently debuted on the National Equities Exchange and Quotations (NEEQ), also known as the New Third Board, a pilot national share transfer system for small and medium-sized enterprises.
The company, a subsidiary of Aoyang Group, has become the city’s first anime cultural company to be listed on the New Third Board.
Located in Zhangjiagang Software (Animation) Industrial Park, Ruyitong specializes in two-dimensional animation. Set up in 2007, it has world-leading technology in intelligent animation production and is a major animation industrial base in Jiangsu province.
Ruyitong has seen sustainable and rapid development in recent years producing plenty of high-quality animations, with two broadcasted on many mainstream media platforms. In 2015, the company yielded 20 million yuan ($3 million) in revenue, with the number expected to increase by 50 percent this year. Ruyitong hopes for a further development boost after listing on the NEEQ.
In 2016, the company will expand its industrial structure and try to step into the movie industry.
So far, there are 7,000 companies nationwide listed on the NEEQ. The exchange helps unlisted companies transfer shares and provides them with services related to financing and acquisitions, which facilitates development of a multi-level capital market.